Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Traphagen Investment Advisors LLC

Traphagen Investment Advisors LLC increased its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,544 shares of the retailer’s stock after acquiring an additional 25 shares during the period. Traphagen Investment Advisors LLC’s holdings in Costco Wholesale were worth $1,415,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC raised its stake in shares of Costco Wholesale by 113,947.9% during the third quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock valued at $6,534,464,000 after purchasing an additional 7,364,453 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Costco Wholesale by 55.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock valued at $979,284,000 after purchasing an additional 382,367 shares during the period. Pathway Financial Advisers LLC raised its stake in shares of Costco Wholesale by 75,894.4% during the third quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock valued at $300,473,000 after purchasing an additional 338,489 shares during the period. FMR LLC raised its stake in shares of Costco Wholesale by 3.6% during the third quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock valued at $8,252,274,000 after purchasing an additional 324,973 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Costco Wholesale by 1.7% during the third quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock valued at $8,380,648,000 after purchasing an additional 162,191 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock opened at $944.70 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $950.34 and its two-hundred day moving average price is $902.74. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25. The stock has a market cap of $419.35 billion, a PE ratio of 55.47, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on COST shares. Truist Financial lifted their price objective on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. DA Davidson lifted their price target on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Citigroup lifted their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Sanford C. Bernstein started coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target for the company. Finally, BMO Capital Markets lifted their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.